Creating a revocable living trust is one of the best strategies for avoiding probate and leaving a lasting legacy for your family. However, the true protection afforded by a trust does not come after all the documents are signed – trusts need to be fully funded in order to make a real impact on your… Read More
It’s Possible to Change a Revocable Living Trust
As circumstances change and life throws new challenges our way, it’s important to take a look at your future plans and make sure they still match your wishes. This means examining your existing estate plan and making changes if necessary, which is especially true for your revocable living trust. As the name suggests, a revocable… Read More
Successor Trustees: Who Are They, What’s Expected of Them, and How to Choose
Revocable Living Trusts are designed to serve a variety of functions, such as providing individuals with greater control over how their assets and property are handled in the event of incapacitation or death, while also sparing loved ones from having to deal with the costs and delays of probate court. When a Revocable Living Trust… Read More
When is it Time to Downsize?
When is it Time to Downsize? At some point, after your kids have moved out and started their own families, you may start thinking about downsizing your house. Depending on your personal situation, that may mean either moving into a smaller house, or to a senior living or independent/assisted living community. If you’ve been considering… Read More
Greensboro Estate Attorney on the Importance of Estate Planning for Blended Families
Blended families increasingly are common, occurring when two people enter into a subsequent marriage after prior marriages end in death or divorce. While these relationships present many opportunities for joy and happiness, they also bring with them unique estate planning challenges, especially when children from previous marriages are involved. These challenges usually happen when one… Read More
Thinking of Adding Your Child to Your Bank Account? Think Again!
Mabye it seems like common sense to be adding your child to your bank account, so they can help pay bills. This can be convenient, but people often don’t realize that the child will have more authority than to just sign checks. Adding your child to your bank account means that the bank would let… Read More
Greensboro Estate Lawyer Warns, “Without a Power of Attorney, You May Not Be Able to Speak for Your Spouse”
As a Greensboro estate lawyer, one thing that surprises many of my clients is that Powers of Attorney are necessary even for married couples. People automatically assume that their spouse will be able to handle everything on their behalf if they become incapacitated. This is not usually the case. A Power of Attorney is a… Read More
Critical Post-Divorce Estate Planning Checklist | Guilford County Estate Planning Attorneys
Guilford County estate planning attorneys know, a divorce changes everything. If you are in the process of divorce or just finishing up, you are most likely busy trying to readjust to your new life. Although it’s a hectic time, it is important that you do not forget that you need to update your estate plan… Read More
Greensboro Will and Trust Lawyer: Creative Ways to Leave “Intangible Assets” To Your Loved Ones
When most people think about estate planning, they picture money and property. But, as a Greensboro will and trust lawyer, I see more and more people adding intangible assets to their estate plan. Intangible assets might be things that have no monetary value, but are nonetheless important to the family. They may include personal letters… Read More
You Plan for Date Night – But Not for Your Kids Future?!
Greensboro will and trust attorney Dennis Toman asks, “Are you planning for your children’s future?” Picture this – you get an opportunity to spend some alone time with your spouse. What do you do to prepare for date night? You carefully select a babysitter. Then, you write detailed instructions; when to feed the baby, how… Read More
